Codetaal: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Codetaal
Largest movements
- Receivables within one year -€20,896
down €20,896 (-64.1%), from €32,612 to €11,716
of which Trade receivables: -€14,848
- Intangible fixed assets +€9,966
new in 2025: €9,966
- Tangible fixed assets -€5,175
down €5,175 (-48.4%), from €10,697 to €5,522
- Cash -€4,029
down €4,029 (-3.0%), from €136,567 to €132,537
mainly Contributions, distributions and other (-€16,622) and Investment in fixed assets (net) (-€11,373)
- Reserves -€15,664
down €15,664 (-9.3%), from €167,545 to €151,880
- Tax, wage and social debts -€5,051
down €5,051 (-88.9%), from €5,681 to €630
- Gross operating margin -€26,722
down €26,722 (-74.6%), from €35,797 to €9,075
- Taxes -€5,290
down €5,290 (-93.1%), from €5,684 to €394
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,876 | €160,273 | -€19,603 | -10.9% |
| Fixed assets | 21/28 | €10,697 | €15,488 | +€4,790 | +44.8% |
| Intangible fixed assets | 21 | - | €9,966 | +€9,966 | |
| Tangible fixed assets | 22/27 | €10,697 | €5,522 | -€5,175 | -48.4% |
| Furniture and vehicles | 24 | €10,697 | €5,522 | -€5,175 | -48.4% |
| Current assets | 29/58 | €169,179 | €144,785 | -€24,394 | -14.4% |
| Amounts receivable within one year | 40/41 | €32,612 | €11,716 | -€20,896 | -64.1% |
| Trade receivables | 40 | €19,330 | €4,482 | -€14,848 | -76.8% |
| Other amounts receivable | 41 | €13,282 | €7,234 | -€6,048 | -45.5% |
| Cash at bank and in hand | 54/58 | €136,567 | €132,537 | -€4,029 | -3.0% |
| Deferred charges and accrued income | 490/1 | - | €531 | +€531 | |
| Total equity and liabilities | 10/49 | €179,876 | €160,273 | -€19,603 | -10.9% |
| Equity | 10/15 | €172,545 | €156,880 | -€15,664 | -9.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €167,545 | €151,880 | -€15,664 | -9.3% |
| Distributable reserves | 133 | €167,545 | €151,880 | -€15,664 | -9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,331 | €3,392 | -€3,939 | -53.7% |
| Amounts payable within one year | 42/48 | €7,168 | €3,325 | -€3,843 | -53.6% |
| Trade debts | 44 | €627 | €1,517 | +€889 | +141.8% |
| Suppliers | 440/4 | €627 | €1,517 | +€889 | +141.8% |
| Taxes, remuneration and social security | 45 | €5,681 | €630 | -€5,051 | -88.9% |
| Taxes | 450/3 | €5,681 | €630 | -€5,051 | -88.9% |
| Other amounts payable | 47/48 | €859 | €1,178 | +€319 | +37.2% |
| Accrued charges and deferred income | 492/3 | €163 | €67 | -€96 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,900 | €6,582 | -€318 | -4.6% |
| Other operating charges | 640/8 | €1,075 | €893 | -€182 | -16.9% |
| Gross operating margin | 9900 | €35,797 | €9,075 | -€26,722 | -74.6% |
| Operating profit (loss) | 9901 | €27,822 | €1,600 | -€26,223 | -94.3% |
| Financial income | 75/76B | €239 | €2 | -€236 | -99.1% |
| Recurring financial income | 75 | €239 | €2 | -€236 | -99.1% |
| Financial charges | 65/66B | €353 | €250 | -€103 | -29.1% |
| Recurring financial charges | 65 | €353 | €250 | -€103 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €27,708 | €1,352 | -€26,356 | -95.1% |
| Income taxes | 67/77 | €5,684 | €394 | -€5,290 | -93.1% |
| Profit (loss) for the period | 9904 | €22,024 | €958 | -€21,066 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,024 | €958 | -€21,066 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.